Mobile payments

Grab’s payments arm reaches tipping point on path to profits

GrabPay’s has begun rolling back subsidies for merchants, suggesting that breakeven for the division may be closer than investors expect.

Alison Tudor-Ackroyd Elizabeth Utley

December 05, 2019

With a critical mass of users now to its name, Singapore's Grab has begun to scale back the subsidies that its payments app gives to merchants.

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